NSWIn ForceAct
Protection of the Environment Operations Act 1997
304Lapsing of financial assurance
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304 Lapsing of financial assurance
304 Lapsing of financial assurance
The requirement to provide financial assurance lapses and no longer binds the holder or former holder of the licence if the appropriate regulatory authority is satisfied that the work or program for which the financial assurance was required has been satisfactorily carried out and has given the holder or former holder of the licence written notice of the lapsing of the financial assurance.